The law now permits deduction of post-supply discounts even if decided later. This eases commercial flexibility and reduces valuation ...

This article examines how GST enforcement shifts the burden of supplier failures onto bona fide buyers. The key takeaway is that courts consistently hold recovery must be made from defaulting ...

In a few cases, the GST line may be nil or even negative, such as when a policy is cancelled, adjusted, or refunded, and a ...

With many income tax incentives already expired or approaching sunset, 34% of respondents said they expected the government to bring back a manufacturing-linked lower tax rate regime ...

A father-son duo who were allegedly operating and controlling the firms involved in the fake billing network were arrested ...

Use a GST calculator to prepare accurate financials before applying for a business loan. Gain GST clarity to manage cash flow ...

Aligning GST payments with actual cash inflows could unlock liquidity trapped in India’s long receivable cycles. By easing ...

Current TDS/TCS system poses a compliance challenge for companies, with rates varying from 0.1% to 35%, say tax experts ...

ED conducts raids across multiple states in a ₹658 crore fake GST input tax credit investigation involving fictitious firms.

Indirect taxes are a vital part of buying and selling things. Unlike direct taxes, indirect tax is only paid by the customer ...

GST Network has issued an advisory on reporting retail sale price-based valuation for tobacco products like pan masala in e-Invoice, e-Way Bill, GSTR-1, and Invoice Furnishing Facility. This move, ...

Dealers, advisors brace for July 1 implementation deadline The Canada Revenue Agency (CRA) has changed its longstanding ...